Limelight Networks, Inc. (LLNW) Expected to Post Earnings of $0.01 Per Share

Equities research analysts predict that Limelight Networks, Inc. (NASDAQ:LLNW) will announce earnings per share (EPS) of $0.01 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Limelight Networks’ earnings, with estimates ranging from $0.00 to $0.02. Limelight Networks posted earnings of $0.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 7th.

On average, analysts expect that Limelight Networks will report full year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.07 to $0.09. For the next year, analysts anticipate that the company will report earnings of $0.10 per share, with EPS estimates ranging from $0.10 to $0.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Limelight Networks.

A number of equities research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of Limelight Networks in a report on Monday, December 4th. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Friday, October 20th. BidaskClub lowered shares of Limelight Networks from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Cowen reissued an “outperform” rating and set a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th. Finally, DA Davidson set a $5.50 price objective on shares of Limelight Networks and gave the company a “buy” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.00.

In other news, Director Mark J. Midle sold 15,000,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total transaction of $65,250,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.60% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in Limelight Networks by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 66,823 shares of the information services provider’s stock valued at $193,000 after purchasing an additional 3,090 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Limelight Networks by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 289,101 shares of the information services provider’s stock valued at $1,148,000 after purchasing an additional 10,368 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Limelight Networks by 19.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 147,760 shares of the information services provider’s stock valued at $426,000 after purchasing an additional 24,300 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Limelight Networks by 72.8% in the third quarter. Wells Fargo & Company MN now owns 77,272 shares of the information services provider’s stock valued at $307,000 after purchasing an additional 32,543 shares during the last quarter. Finally, OxFORD Asset Management LLP boosted its holdings in Limelight Networks by 115.3% in the second quarter. OxFORD Asset Management LLP now owns 72,171 shares of the information services provider’s stock valued at $209,000 after purchasing an additional 38,647 shares during the last quarter. 70.31% of the stock is currently owned by institutional investors.

Shares of Limelight Networks (NASDAQ:LLNW) traded up $0.02 on Monday, hitting $4.38. 440,745 shares of the stock were exchanged, compared to its average volume of 648,339. The stock has a market capitalization of $479.99, a price-to-earnings ratio of -43.80, a PEG ratio of 654.00 and a beta of 2.54. Limelight Networks has a 12-month low of $2.10 and a 12-month high of $6.05.

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About Limelight Networks

Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.

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Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

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